Roblox Co. (NYSE:RBLX) Insider Sells $3,249,000.00 in Stock

Roblox Co. (NYSE:RBLX) insider Mark Reinstra sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.98, for a total value of $3,249,000.00. Following the sale, the insider now directly owns 281,161 shares of the company’s stock, valued at $18,269,841.78. The trade was a 15.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mark Reinstra also recently made the following trade(s):

• On Monday, December 23rd, Mark Reinstra sold 24,000 shares of Roblox stock. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00.
• On Wednesday, November 20th, Mark Reinstra sold 16,480 shares of Roblox stock. The stock was sold at an average price of $51.43, for a total value of $847,566.40.

Roblox Stock Performance

Roblox stock opened at $67.12 on Friday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average of $58.12 and a two-hundred day moving average of $48.35. The company has a market capitalization of $40.78 billion, a price-to-earnings ratio of -40.93 and a beta of 1.43. Roblox Co. has a fifty-two week low of $29.55 and a fifty-two week high of $67.32.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.02. The company had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. Roblox had a negative return on equity of 986.36% and a negative net margin of 30.90%. Roblox’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.45) earnings per share. On average, analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Roblox

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Roblox during the third quarter worth $27,000. Frazier Financial Advisors LLC boosted its holdings in shares of Roblox by 20,800.0% during the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company’s stock worth $28,000 after purchasing an additional 624 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock worth $30,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Roblox by 132.8% during the third quarter. GAMMA Investing LLC now owns 929 shares of the company’s stock worth $41,000 after purchasing an additional 530 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Roblox by 277.0% during the third quarter. Huntington National Bank now owns 1,048 shares of the company’s stock worth $46,000 after purchasing an additional 770 shares during the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on RBLX shares. Raymond James reaffirmed a “strong-buy” rating and set a $60.00 price objective on shares of Roblox in a research report on Friday, November 22nd. Citigroup raised their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, January 10th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Roblox in a report on Friday, November 1st. Finally, Piper Sandler raised their price target on Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.48.

About Roblox

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.